Beyondnatureco

Chinese competition with the US in EU peanut exports, especially blanched peanuts. China offers cheaper EU quality blanched peanuts, potentially impacting US exports to the EU, depending on EU preferences for origin. EU needs more peanut contracts for next year as Argentina faces stock shortages until at least June 2024. European buyers seek US peanut […]

Yields reduced by 50 lbs/acre to 3905 lbs/acre (2.6% lower than 2022). Possible further decrease due to early reports of yield issues in AL, FL, and West GA; still uncertain. Early reports suggest grades in drought-affected areas down by 4-5% compared to last year; uncertain. Quality varies across regions, will take weeks to assess. EU […]

Summary and Analysis of U.S. Peanut Exports Trends through September 2023   Total Exports Increase: Until June 2023, U.S. peanut exports have shown a significant increase compared to the previous year, rising by 7% in volume and a notable 14% in value. In terms of value, exports have reached $489 million, marking a 14% growth […]

The USDA released a 2023 peanut crop forecast report, increasing planted area to 1.65m acres (up from 1.57m acres reported last month) while reducing yield forecast to 3,953 lbs/acre (down from 4,047 lbs/acre reported last month). Below is a summary of this report:   Interesting to note: – While harvested area and yield are only […]